Will buy lame businesses for millions

Why is it that I can't sell a lame business for lots of money?

I was having this conversation with my good friend (and O'Reilly Alpha Tech Ventures managing partner) Bryce Roberts this morning:

Matt Asay (9:34)
Was just reading about Bebo's $850M AOL acquisition

I want to come up with nothing and have someone overpay for it, too

Bryce Roberts (9:35)
I like that idea a lot

Matt Asay (9:35)
Yes, but too many people are already doing it. It's a crowded market. :-)

To think that we were on to the Next Big Thing (Come up with a weak product and have someone overpay for it), and too many people are already doing it. But if anyone wants to buy the business from me, I'll sell it at a fire sale price: $100 million.

No? Well, guess I'd better get back to working on a real business. :-)

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About the author

    Matt Asay is chief operating officer at Canonical, the company behind the Ubuntu Linux operating system. Prior to Canonical, Matt was general manager of the Americas division and vice president of business development at Alfresco, an open-source applications company. Matt brings a decade of in-the-trenches open-source business and legal experience to The Open Road, with an emphasis on emerging open-source business strategies and opportunities. He is a member of the CNET Blog Network and is not an employee of CNET. You can follow Matt on Twitter @mjasay.

     

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